$125/barrel and rising.

[wdmso]

Originally Posted by Jim in CT

Buttigueg tells americans to go buy electric vehicles to avoid impacts of soaring oil prices.

That’s a very practical, a solution available to just about everybody ( average cost of these cars is only about $50,000 and the cars are available everywhere because there are no chip shortages), not even a little bit smug or tone deaf.
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It’s a more realistic solution for some
But yelling just pump more oil seems to be practical ?

Guess you haven’t seen what a Ford F-150 goes for

Ps EV cars are sold and built by American workers not sure promotion of EV is smug and tone death


Buttigieg slammed for urging electric car buying to counter gas prices

https://nypost.com/2021/11/29/buttig...er-gas-prices/

That’s funny this has been his message since November

Yet your trying to make his comments as new and attached to Ukraine…. Such misrepresentation
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[Jim in CT]

Originally Posted by wdmso

It’s a more realistic solution for some
But yelling just pump more oil seems to be practical ?

Guess you haven’t seen what a Ford F-150 goes for

Ps EV cars are sold and built by American workers not sure promotion of EV is smug and tone death


Buttigieg slammed for urging electric car buying to counter gas prices

https://nypost.com/2021/11/29/buttig...er-gas-prices/

That’s funny this has been his message since November

Yet your trying to make his comments as new and attached to Ukraine…. Such misrepresentation
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yes, pump more oil is, by far, the cheapest and most practical.

i didn’t know the two choices were we electric cars or F-150, no other options? never heard of a honda accord?

many gas cars are also made by american workers. Never heard of GM?

average price of an electric vehicle is what, $50k? their range and lack of charging stations, aren’t practical for massive conversion yet. and if we all bought electric cars tomorrow, where would you suggest the electricity come
from to charge them? do we all have to rub balloons on our heads all day?

there’s a reason why, despite huge federal tax incentives of $7500 on EVs, most people opt for gas.
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[wdmso]

Originally Posted by Jim in CT

yes, pump more oil is, by far, the cheapest and most practical.

i didn’t know the two choices were we electric cars or F-150, no other options? never heard of a honda accord?

many gas cars are also made by american workers. Never heard of GM?

average price of an electric vehicle is what, $50k? their range and lack of charging stations, aren’t practical for massive conversion yet. and if we all bought electric cars tomorrow, where would you suggest the electricity come
from to charge them? do we all have to rub balloons on our heads all day?
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You need to start yelling at the oil companies who actually control the pumping of oil

overall it takes an average of four weeks to get fuel from Oil to Gas

And a well It takes a standard oil well can to advance from drilling to the beginning of production for an oil company within one to three months.

You act as if there are no charging stations in the Country

Only you think the suggestion was just buy electric cars how myopic

And of course solar and wind and hydro provide no power LOL
It’s like 12% That saves oil to be redirected
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[Jim in CT]

Originally Posted by wdmso

You need to start yelling at the oil companies who actually control the pumping of oil

overall it takes an average of four weeks to get fuel from Oil to Gas

And a well It takes a standard oil well can to advance from drilling to the beginning of production for an oil company within one to three months.

You act as if there are no charging stations in the Country

Only you think the suggestion was just buy electric cars how myopic

And of course solar and wind and hydro provide no power LOL
It’s like 12% That saves oil to be redirected
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if oil companies control the price, please explain why they allowed the price to get down to $35, eliminating all profits and tanking the stock price.

“you act as if there are no charging stations.”

never came close to saying that. i said there aren’t many, not nearly enough to serve all of us if we were to buy EVs.
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[spence]

Originally Posted by Jim in CT

if oil companies control the price, please explain why they allowed the price to get down to $35, eliminating all profits and tanking the stock price.

Are you seriously this dense. Do you know how many calls I had with oil producers that had to be cancelled at the start of covid because they were all being let go?

[scottw]

Originally Posted by spence

Do you know how many calls I had with oil producers that had to be cancelled at the start of covid because they were all being let go?

this is a tough one...I'll guess 4...

[Jim in CT]

Originally Posted by scottw

this is a tough one...I'll guess 4...

I’ll guess precisely zero.
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[Jim in CT]

Originally Posted by spence

Are you seriously this dense. Do you know how many calls I had with oil producers that had to be cancelled at the start of covid because they were all being let go?

i said multiple times, that much of the drop was due to covid related lack of demand, and that once covid eased, prices would go up no matter who was potus. i said that several times.

so who’s dense?

your side is saying oil companies set the price. i said supply and demand sets the price.

you didn’t refute anything i said, you’re saying the same exact thing i’m saying You refuted wdmso and pete, who said oil companies can set the price.

again, who is dense?

yet another crisis on the democrats’ watch. Another in a loooong list. After the debacle in Afghanistan, it’s been one failure after another. The s&p 500 is in a correction, and the Nasdaq is in bear territory. But surely someone like you, such a mover and shaker in the world of finance, knows this, knows what caused it. Right?

Americans blamed Bush for the subprime
mortgage crisis, not because he contributes to it, but because he was potus when it happened. Biden similarly owns all these colossal failures. Crime, inflation, illegal immigration hot mess, Afghanistan pullout, soaring debt, supply chain issues, russia emboldened, soaring gas, now a stock market correction.

Covid waning in his watch, won’t offset all that. probably not.

November a long way out, anything. an happen. But the dems are up to their eyeballs in failure at the moment.




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[scottw]

Originally Posted by Jim in CT

i said supply and demand sets the price.


Posted from my iPhone/Mobile device

somehow they completely missed that

[wdmso]

Originally Posted by Jim in CT

if oil companies control the price, please explain why they allowed the price to get down to $35, eliminating all profits and tanking the stock price.

“you act as if there are no charging stations.”

never came close to saying that. i said there aren’t many, not nearly enough to serve all of us if we were to buy EVs.
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Seems you got ahead of your self
I said oil companies control what’s pumped ,,

And you and many others are suggesting they should pump more to bring down the Price

So if you control demand you directly or indirectly influence price

And oil being priced as a Global commodity supply is controlled by those who pump it . And demand by who needs it..

in a nutshell those who produce control supply and the price

The demand side is not with out influence and with out Covid oil never would have seen 35 bucks a barrel
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[scottw]

it's fun when they try to sound smart.....

[Jim in CT]

Originally Posted by wdmso

Seems you got ahead of your self
I said oil companies control what’s pumped ,,

And you and many others are suggesting they should pump more to bring down the Price

So if you control demand you directly or indirectly influence price

And oil being priced as a Global commodity supply is controlled by those who pump it . And demand by who needs it..

in a nutshell those who produce control supply and the price

The demand side is not with out influence and with out Covid oil never would have seen 35 bucks a barrel
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but youre all implying oil companies want this, and even higher prices. higher prices aren’t always better. There’s a sweet spot on the price/demand curve and we’re probably past it, and going way up again today.

agreed that covid was the main driver of oil down. And covid relief was a big driver of oil going back up. But there are other forces pushing oil further up than where it was before covid.

Liberalism generally speaking, is anti fossil fuel. you can deny that all you want for political convenience based on current events. But Biden put a halt to all new permits on federal lands for as long as he could, because he promised the greenies he’d do just that.
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[wdmso]

found this

Interesting Facts:
Number of U.S. Oil Rigs in Operation:
December, 2020: 341
December, 2021: 579
We had as many as 2,017 Active U.S. Oil Rigs as recently as 2011 (under Obama), which shows two things. First, that there was actually far less drilling under Trump than Obama, and second, there are plenty of existing U.S. oil rigs that could be restarted, after being voluntarily shut down by oil companies without needing any new drilling sites.
U.S. Production of Crude Oil:
December, 2020: 11.084 Million Barrels/Day
December, 2021: 11.567 Million Barrels/Day
U.S. Net Imports of Crude Oil:
December, 2020: -1.186 Million Barrels/Day
December, 2021: -1.062 Million Barrels/Day
NOTE: A negative number in this category represents net exports, meaning we exported more than we imported.
Russian Oil and Petroleum Product Imported:
December, 2020: 12.898 Million Barrels (416K/Day)
December, 2021: 12.569 Million Barrels (405K/Day)
By every relevant measure, the U.S. oil industry is performing the same or better after one year of Biden than it was after 4 years of Trump.
Source: U.S. Energy Information Administration

[wdmso]

Originally Posted by Jim in CT

but youre all implying oil companies want this, and even higher prices. higher prices aren’t always better. There’s a sweet spot on the price/demand curve and we’re probably past it, and going way up again today.

agreed that covid was the main driver of oil down. And covid relief was a big driver of oil going back up. But there are other forces pushing oil further up than where it was before covid.

Liberalism generally speaking, is anti fossil fuel. you can deny that all you want for political convenience based on current events. But Biden put a halt to all new permits on federal lands for as long as he could, because he promised the greenies he’d do just that.
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this Poll was this March 2022

Americans Largely Favor U.S. Taking Steps To Become Carbon Neutral by 2050
But just 31% want to phase out use of fossil fuels completely

The new Pew Research Center survey of 10,237 U.S. adults conducted from Jan. 24 to 30, 2022, finds that 69% of U.S. adults prioritize developing alternative energy sources, such as wind and solar, over expanding the production of oil, coal and natural gas


https://www.pewresearch.org/science/...utral-by-2050/

Unless you are a one news source person . I can understand why you would think . Liberalism is Just anti fossil fuel . it's what they tell their viewers all the time ... here is 1 example ( Biden's renewable energy rush is making gas prices skyrocket)